At 14:30 MT we will wait for the releases of CPI and core retail sales for Canada. According to forecasts, we will see the level of CPI to increase by 0.6% and the level of core retail sales will advance by 0.2%. Higher-than-expected figures will boost the Canadian dollar.
The economic calendar brings us opportunities to trade the EUR and the Canadian dollar.
– At the beginning of the European trading session, several PMI releases for Europe were released. Weaker-than-expected figures of PMI indicators weakened the EUR.
– At 14:30 MT we will wait for the releases of CPI and core retail sales for Canada. According to forecasts, we will see the level of CPI to increase by 0.6% and the level of core retail sales will advance by 0.2%. Higher-than-expected figures will boost the Canadian dollar.
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